Faysal Savings Growth Fund (FSGF) an open-ended mutual fund, seeks maximum preservation of capital and a reasonable rate of return via investing primarily in money market and debt securities having good credit rating and liquidity.
| Brief Terms of FSGF are presented below |
| |
| Fund Type |
Open Ended |
| Fund |
Categorization in Process |
| Tenor: |
Perpetual |
| Managed By |
Faysal Asset Management Limited (FAML) |
| Inception Date |
May 12, 2007 |
| Trustee |
Central Depository Company of Pakistan (CDC) |
| Listing |
Karachi Stock Exchange |
| Governing Body |
Securities & Exchange Commission of Pakistan |
| FSGF Performance |
| Year |
Dividend Payout |
Fund's Annual Yield |
Benchmark's Annual Yield |
| FY 2006-07 |
1.25% |
10.42% |
9.39% |
| FY 2007-08 |
10.00% |
9.97% |
10.13% |
| FY 2008-09 |
12.75% |
12.74% |
13.38% |
Investment Philosophy of FSGF
In line with its investment objectives, funds will be invested in a range of liquid money market and debt instruments. The investment portfolio will primarily comprise of PIB’s, Bank Deposits, Treasury Bills, secured and unsecured listed or privately placed debt securities, Certificates of Investments, Spread Transactions and any other security or instruments that may be allowed by SECP.
Key Benefits
- 100% money market fund
- Proven track record of managing two open-ended funds.
- No load
- Low Interest rate risk
- Low liquidity risk
- Low duration risk
- Flexible Income Frequency Option
- Invest with as little as Rs. 5,000 (Type A) and Rs.50,000 (Type B).
- Direct transfer of Income / Redemption amount to the Unit holder’s bank account (Presently for Faysal Bank Ltd. customers only).
- Individual investors can receive a tax credit of up to Rs. 60,000 on their investment. *
*According to Section 62 of the Income Tax Ordinance 2001.
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